BYD shares surged Monday, boosted by reports that its Brazil plant secured orders for 100,000 vehicles from Argentina and Mexico.
The automaker is targeting 1.3 million overseas vehicle sales in 2026.
China targets 100,000 fuel cell vehicles by 2030 and lower hydrogen prices.
The central government will fund selected city clusters to subsidize the commercial application of the hydrogen supply chain.
Xiaomi will officially launch its next-generation SU7 electric sedan on Thursday, March 19, with the event scheduled to begin at 7:00 pm Beijing time.
The company halted production of the first-generation SU7 in February, after cumulative deliveries exceeded 381,000 units since its debut.
The latest funding round of nearly $200 million brings Aridge’s total historical equity financing to about $1 billion.
The fresh capital arrives as the Xpeng-backed company prepares for a potential Hong Kong IPO this year.
The M7 is expected to target the highly competitive 100,000 to 150,000 yuan segment in China.
The M7’s debut comes as sales data proves PHEVs are currently Geely’s core growth engine in its home market.
The Tai 3 flash-charging edition hit the market with a starting price of 153,800 yuan ($22,300), featuring a 5-minute fast-charging capability.
Pre-orders for the larger Tai 7 EV flash-charging edition have also opened, marking the brand’s latest offensive in the pure electric market.
Onvo will add a LiDAR-equipped version for its L60 SUV, following a similar plan for the L90, according to a filing.
The move comes as the brand seeks to boost demand in a challenging market.
Leapmotor filed for the A05 compact EV with a LiDAR option, targeting the budget segment.
The move mirrors BYD’s recent strategy of adding advanced sensors to affordable models like the Seagull to enhance competitiveness.
Tesla returned to the top 10 list of NEV retail sales in February after falling out of the list in January.
In the overall passenger vehicle retail market, Geely ranked first with a 14.1% market share, while BYD came in second with an 8.6% share.
The Song Ultra EV began pre-sales on March 5, with a starting price of 155,000 yuan ($22,510).
The electric SUV comes standard with flash-charging technology boasting a charging power of up to 1500 kW, as well as the second-generation blade battery.
The mass production of the Volkswagen ID.UNYX 08 marks an important milestone in Volkswagen’s EV offensive in China.
Volkswagen will launch electrified products at “China speed” this year, with an average of one all-new EV model hitting the market every two weeks.
IM Motors will launch an Ultra Agent based on Alibaba’s Qwen AI model on March 18, marking the spread of the AI agent frenzy to the auto sector.
The EV maker has developed dozens of AI agents that act as “digital engineers” to significantly boost car design efficiency.
Xiaomi EV delivered 20,414 cars in February, with the YU7 SUV contributing nearly 98% of total deliveries.
The company advanced the launch of its revamped SU7 sedan to March to maintain momentum in China’s fiercely competitive market.
BYD is exploring building a plant in Canada and remains open to potential deals to acquire global rivals.
In January, Canada agreed to exempt up to 49,000 Chinese-built EVs annually from a 100% tariff.
Both CATL and BYD saw their shares in the overall market decline in February, as smaller rivals gained ground.
LG Energy Solution’s share in the ternary battery market surged significantly by 21.72 percentage points in February compared to January.
Xiaomi CEO announced the revamped SU7 sedan will be launched this month, earlier than the previously planned April.
Xiaomi is fully committed to the production preparation of the revamped SU7, with large-scale deliveries to begin after the launch.
Li Auto will launch the new i9 pure electric flagship SUV in the second half of this year to enrich its BEV product matrix.
Positioned as the pure electric flagship of the family lineup, the i9 is expected to be physically larger than the existing i8 model.
China’s February power battery installations dropped 24.6% year-on-year to 26.3 GWh, impacted by the timing of the Chinese New Year holiday.
Despite the slump in installations, total battery production and export volumes continued to show year-on-year growth.
Li Auto targets a 20% sales increase in 2026, seeking to recover from an 18.8% drop in 2025 deliveries.
Li Auto barely eked out a net profit in the fourth quarter as it revamps its sales network and rolls out new models to fend off competition.
Exports of passenger NEVs from China surged 124.7% to 269,000 units, providing a strong bright spot for Chinese automakers.
Retail sales of PHEVs dropped 31.0% year-on-year, marking the eighth consecutive month of year-on-year decline for the category.
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